AVANTAX, INC.
Financials · Finance Services · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $666.5M | $658.2M | $546.2M | $717.9M | $560.5M | $509.6M |
| Operating income | −$11.3M | −$53.0M | −$321.7M | $9,000 | $67.7M | $48.0M |
| Net income | $420.2M | $7.8M | −$342.8M | $48.1M | $50.6M | $27.0M |
| Total assets | $963.5M | $1.07B | $1.06B | $1.14B | $997.7M | $1.00B |
| Total liabilities | $220.3M | $730.3M | $751.9M | $494.1M | $365.2M | $442.3M |
| Equity | $743.2M | $341.6M | $312.3M | $643.5M | $607.6M | $541.4M |
| EPS (diluted) | $8.54 | $0.16 | $-7.14 | $0.98 | $0.90 | $0.57 |
| Shares out. | 48.5M | 48.3M | 47.8M | 48.2M | 46.7M | 42.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −1.7%
- Net margin
- 63.1%
- Return on equity
- 56.5%
- Return on assets
- 43.6%
- Return on capital (ROCE)
- −1.4%
- Liabilities / assets
- 22.9%
- Debt / equity
- 0.30×
- Book value / share
- $15.34
- Revenue growth (YoY)
- 1.3%
- Net income growth (YoY)
- 5317.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- 1.89grey zone
- Accruals / assets
- 31.5%high accruals
- Beneish M-Score
- -0.83elevated
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 4 warning● 4 good- Operating losses (negative operating margin)
- High accruals — earnings-quality risk
- Beneish M-Score elevated — earnings-manipulation screen flag
- Altman Z″ in the grey zone
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosureNov 27, 2023
- Shareholder voteNov 21, 2023
- Director / officer change · Other material eventNov 13, 2023
- Results of operationsNov 6, 2023
- Entered a material agreement · Director / officer change · Other material eventSep 11, 2023
- Results of operationsAug 9, 2023
- Results of operationsMay 8, 2023
- Director / officer change · Amended charter or bylaws · Shareholder voteMay 5, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12GNOTICE OF TERMINATION OF REGISTRATIONDec 7, 2023
- EFFECTDec 6, 2023
- EFFECTDec 6, 2023
- EFFECTDec 6, 2023
- SC 13GDec 1, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
- 4FORM 4Nov 29, 2023
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.